Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
A bridge loan is a type of short-term loan intended to "bridge" the gap between short-term cash requirements and long-term financing. These loans are commonly used in real estate transactions and by startups awaiting closing on their next round of funding.
A bridge loan provides immediate cash flow and is typically paid back within a year. For startups, a bridge loan can provide funds to keep the company operational between funding rounds. For real estate, it can allow someone to buy a new property before selling their existing home. However, bridge loans often have higher interest rates and fees compared to more conventional forms of financing.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at firstname.lastname@example.org.
Get the peace of mind that comes from partnering with our experienced finance team.